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Old 01-15-2017, 04:40 PM
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Originally Posted by Doc44 View Post
This may not be current regulation, but a few years ago, an FFL had to keep Form 4473 for a period of not less than twenty years. After that, the forms could be disposed of. The "bound book" or equivalent system of sales is the permanent record that is turned in when a dealer goes out of business (along with 4473s that are less than twenty years old).

Bill
That is still my understanding. My LGS and I were talking about that a couple months ago, as he had just finished with his ATFE audit, and was getting ready to go to the local field office for a couple of hours of "retraining."
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